Additionally, Amcor has committed to a multi-year capacity reservation for PEF from a future industrial-scale facility, based on a technology license from Avantium. This agreement guarantees Amcor preferred access to PEF volumes produced by Avantium's future licensee network.
Avantium has developed a proprietary process technology to produce FDCA (furandicarboxylic acid), the key building block for PEF (polyethylene furanoate), and is currently in the process of starting up the world’s first commercial FDCA plant in Delfzijl, the Netherlands. This FDCA Flagship Plant will be pivotal for Avantium's licensing strategy, allowing the Company to sell FDCA and PEF directly to customers while also offering technology licenses to industrial partners. Ensuring sufficient commercial demand is crucial for future licensing partners. The capacity reservation agreement with Amcor demonstrates Avantium's ability to meet this demand effectively.
